All these affect the international market differently. The quantity and quality of labor force are of great importance in the international business due to the profitability, efficacy and competition the employers should uphold and depict. Many countries want to purchase labor as cheaply as possible and also maximizing on the quality. Consequently, factors such as adaptability especially to new environments, managerial skills, ability to learn new things, and knowledge are highly considered when hiring candidates (Ball, 2006).
Labor quality can be termed as education, skills, and attitudes of potential employees which vary with regions and countries. It's an essential aspect and component to be considered in the planning stage. It should be considered to ensure that the right skill level is available to conduct business gainfully. In developing and poverty stricken areas where education and globalization lacks, labor quality suffer. Labor value leads to the importance of labor quantity. Labor quantity is the number of potential employees available who posses the necessary skills to be efficient and productive. Labor quantity is an aspect of international business that can have either positive or negative influence. Lack of information on labor quantity leaves international business without a competitive edge and paying high wages to the only available skilled workers (Ball, 2006).
Countries with high numbers of educated and qualified employees hire qualified and skilled people at lower wages. For countries with limited number of qualified employees, companies are forced to pay higher wages to employ qualified employees. Discrepancies in labor amount highly influence and determine the production counts, management levels, wage scales and effect training cost. In international business quality and quantity of labor should be considered when determining how competitive and profitable the business will become in the market. Labor mobility refers to the transfer of educated and qualified workers from one country to another in search of employment in a flourishing economy. It consists of position change of employees across a set of jobs and also physical space. It allows improvement of economic conditions of the workers if they live in an environment that does not match their skills (Ball, 2006).
When the telecommunications industry branches out into the global world they are often affected by the socio cultural forces that are brought about by the cultural differences that often exist in foreign markets. A company must be prepared to deal with the differences in the way that they do business and in the products and services that they offer up for sale. Cultural differences can affect the products that are being sold as well as the employees that a company employees in their day-to-day operations.
Political and legal forces include the outcomes of elections, legislation, and court judgments, as well as the decisions provided by various commissions and agencies. The political segment of the environment presents actual and possible restriction on the way an organization functions. Among the most significant government actions are: regulation, taxation, expenditure, takeover and privatization. The distinctions among local, national, and international subsectors of the political environment are often quite spectacular....
I. Market Domain: Search Engine Industry The search engine industry covers firms operating search-based internet sites and search engines displaying ads. Their services are normally offered free of cost and their income comes from ads (i.e., " paid click.& quot; when users click ad links). Search engines rely on numerous free services like news, e-mail, entertainment and social networking for attracting internet users (Clyde, 2000). A. Historical Significance: Analyze historically significant pivot
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